Richard Masters, Premier League executive, “unable” to confirm Newcastle’s Saudi ownership undergoing re-evaluation

Premier League CEO Richard Masters has recently been asked by MPs about the Newcastle United takeover and whether the League is investigating who has control of the club. While he has yet to comment on this, documents published in a US court case have described the Public Investment Fund (PIF) as “a sovereign instrumentality of the Kingdom of Saudi Arabia” and Newcastle Chairman Yasir Al-Rumayyan as “a sitting minister of the government” with “sovereign immunity”. The PIF challenged a San Francisco court order related to the PGA Tour lawsuit against LIV and ordered them to produce documents in the case, arguing that they cannot be compelled to provide testimony and documents in a US proceeding unless their conduct is truly the ‘gravamen’ of the case. The Premier League approved the Newcastle takeover only in October 2021 after receiving “legally binding assurances” that the Kingdom of Saudi Arabia would not have any control over the club.

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